Bank Credit-Default Swaps Headed for Biggest Monthly Drop Since April 08
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An index of credit-default swaps insuring against losses on European bank bonds is heading for the biggest monthly drop since April 2008.
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July 30, 2010
July 29, 2010
Credit Unions Planning Amalgamation
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Eastern Edge Credit Union and Horizon Credit Union are negotiating to amalgamate the two credit unions. The merger must be approved by members from both operations and that decision is expected in late October.
July 28, 2010
Credit Suisse Wins Dismissal of Claims by U.S. Pension Over Swiss Shares
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Credit Suisse Group AG won a decision in New York federal court today dismissing claims by a U.S. pension fund that bought Credit Suisse Global shares on the Swiss Stock Exchange. U.S. District Judge Victor Marrero, applying the U.S. Supreme Courts recent Morrison decision, said U.S. buyers of a foreign stock on a foreign exchange cant sue for securities fraud under U.S. law.
July 26, 2010
Credit card hackers make themselves at home at hotels
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A study released this year by SpiderLabs, a part of the data-security consulting company Trustwave, found that 38 percent of the credit card hacking cases last year involved the hotel industry.